Which stocks are most correlated with MEGL?

Based on one year of daily returns, the stocks most correlated with Magic Empire Global Limited Class A Ordinary Shares (MEGL) are SAIH (0.28), RAL (0.28) and TWG (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with MEGL?

Over the past year, the stocks most inversely correlated with Magic Empire Global Limited Class A Ordinary Shares (MEGL) are ENSG (-0.21), MOLN (-0.21) and MCK (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

Magic Empire Global Limited Class A Ordinary Shares (MEGL) — Stock Correlations & Overview

Over the past year, MEGL has moved most closely with SAIH, RAL, TWG. Explore the stocks most correlated and inversely correlated with MEGL below, along with its price, financials, and company profile.

Stocks correlated with MEGL

Correlation of daily returns. Higher positive values move with MEGL; negative values move opposite it. Informational only, not investment advice.

Most correlated with MEGL

Symbol	Company	Correlation
SAIH	SAIHEAT Limited Class A Ordinary SharesSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.28
RAL	Ralliant CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL	0.28
TWG	Top Wealth Group Holding Limited Class A Ordinary Shares	0.27
CRNC	Cerence Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	0.26
COCH	Envoy Medical, Inc. Class A Common StockORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES	0.26

Most inversely correlated with MEGL

Symbol	Company	Correlation
ENSG	The Ensign Group, Inc.SERVICES-SKILLED NURSING CARE FACILITIES	-0.21
MOLN	Molecular Partners AG American Depositary Shares	-0.21
MCK	McKesson CorporationWHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES	-0.20
YOU	Clear Secure, Inc.SERVICES-PREPACKAGED SOFTWARE	-0.19
FTSM	First Trust Enhanced Short Maturity ETF	-0.18

Frequently asked questions about MEGL correlations

Which stocks are most correlated with MEGL?: Based on one year of daily returns, the stocks most correlated with Magic Empire Global Limited Class A Ordinary Shares (MEGL) are SAIH (0.28), RAL (0.28) and TWG (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with MEGL?: Over the past year, the stocks most inversely correlated with Magic Empire Global Limited Class A Ordinary Shares (MEGL) are ENSG (-0.21), MOLN (-0.21) and MCK (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these MEGL correlations calculated?: We compute the correlation of daily returns between MEGL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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